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Calculated Amount Field, VAT Plafond Period Table

  • Article

Specifies the calculated amount of VAT that is exempt during the period based on a plafond arrangement.

Additional Information

Businesses in Italy who frequently engage in resale activities outside the country/region can be exempt from VAT under a plafond arrangement. This arrangement is allowed when you sell to a company inside the European Union (EU) and their export business is over 10 percent of their total revenue.

Tip

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Parent Tables

Table Location
VAT Plafond Period Table Italy Local Functionality
VAT Plafond Period Table Italy Local Functionality

See Also

Reference

VAT Plafond Period

Other Resources

Set Up VAT
How to: Record VAT
How to: Define VAT Statements